Securities code: 603220 securities abbreviation: China Bester Group Telecom Co.Ltd(603220) Announcement No.: 2022-003 China Bester Group Telecom Co.Ltd(603220)
Announcement on providing guarantee for subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Name of the guaranteed: Guangdong Hexin Technology Co., Ltd
The guarantee amount and the guarantee balance actually provided for it: the guarantee amount provided by the company for Guangdong Hexin Technology Co., Ltd. (hereinafter referred to as “Guangdong Hexin”) is RMB 30 million. As of the date of this announcement, the guarantee balance actually provided for Guangdong and new is RMB 30 million (including this guarantee).
Whether there is counter guarantee in this guarantee: None
Cumulative overdue amount of external guarantee: None
1、 Overview of guarantee
(I) introduction to guarantee
Guangdong Hexin Technology Co., Ltd., a wholly-owned subsidiary of China Bester Group Telecom Co.Ltd(603220) (hereinafter referred to as “the company”), applied to China Citic Bank Corporation Limited(601998) Guangzhou Branch for comprehensive credit business with a credit line of no more than 30 million yuan. The company provided joint and several liability guarantee for the above credit business, and recently signed the maximum guarantee contract with China Citic Bank Corporation Limited(601998) Guangzhou Branch.
(II) internal decision-making procedures for the performance of guarantee matters
The company held the 22nd Meeting of the second board of directors and the 2020 annual general meeting of shareholders on March 24, 2021 and May 25, 2021 respectively, deliberated and adopted the proposal on the prediction of the company’s external guarantee amount in 2021, in order to meet the financing guarantee needs of the group company and its subsidiaries in 2021, It is estimated that the total guarantee for the wholly-owned subsidiary will be RMB 200 million within 12 months from the date of deliberation and approval by the 2020 annual general meeting of shareholders. For details, see the announcement on the forecast of external guarantee amount in 2021 (2021-010) disclosed by the company on the designated information disclosure media on March 26, 2021.
This guarantee belongs to the scope authorized by the general meeting of shareholders of the company and is within the validity period, and does not need to be submitted to the board of directors of the company for deliberation.
2、 Basic information of the guaranteed
1. Company name: Guangdong Hexin Technology Co., Ltd
2. Registered capital: 63.5 million yuan
3. Registered address: room 1004, room 1005 and room 1006, No. 1933, Huaguan Road, Tianhe District, Guangzhou
4. Legal representative: Liu Weiguo
5. Business scope: development, production, sales and technical services of communication equipment, mobile communication terminal equipment (excluding satellite television broadcasting ground receiving equipment and transmitting facilities), electronic products and computer software; Information system integration and service; Information service business (only limited to Internet information service and mobile network information service business, excluding news, publishing, education, medical care, drugs, medical devices, electronic announcements and other service items requiring pre-approval or special approval according to laws and regulations, which shall be operated with the valid license of the company); Labor dispatch and construction labor; Indoor water, electricity and air conditioning technical services; Communication equipment leasing and maintenance business; Construction of building decoration works; Communication network maintenance and communication information network system integration; General contracting of communication engineering construction; Professional contracting of steel structure engineering; General contracting of power engineering construction and general contracting of construction engineering construction; Professional contracting of electronic intelligent engineering; Survey and design of communication engineering; Leasing of houses and sites, and leasing of communication facilities; Import and export of goods and technology. (the business scope of the enterprise is approved by the market supervision bureau of Guangdong Province)
6. Relationship with the company: it is a wholly-owned subsidiary of the company
7. Main financial indicators of the guaranteed:
Unit: Yuan
Project December 31, 2020 (audited) September 30, 2021 (Unaudited)
Total assets 566210532.54 473580015.71
Total liabilities 389499006.22 278983776.72
Net assets 176711526.32 194596238.99
Project: January December 2020 (audited) January September 2021 (Unaudited)
Operating income 509460551.41 425402884.01
Net profit 10277023.13 17774423.78
3、 Main contents of the guarantee agreement
1. Guarantor: China Bester Group Telecom Co.Ltd(603220)
2. Creditor: China Citic Bank Corporation Limited(601998) Guangzhou Branch
3. Guarantee amount: 30 million yuan
4. Guarantee mode: joint and several liability guarantee
5. Guarantee period: the guarantee period is three years
6. Guarantee scope: the main creditor’s rights under the main contract, the expenses for realizing the creditor’s rights and all other expenses payable.
4、 Opinions of the board of directors
The guarantee object is a wholly-owned subsidiary of the company, which has stable operation and good credit status. The company has control over it and can effectively control and prevent risks. The 22nd Meeting of the second board of directors of the company and the 2020 annual general meeting of shareholders considered and approved the proposal on the prediction of the company’s external guarantee amount in 2021. This guarantee belongs to the scope authorized by the general meeting of shareholders and is within the period of validity. The approval procedure is legal and in line with relevant regulations. 5、 Accumulated external guarantees and overdue guarantees
As of the disclosure date of this announcement, all external guarantees of the company are guarantees provided by the company for subsidiaries. The total amount of guarantee provided by the company to its subsidiaries is RMB 1 million (the total amount of guarantee refers to the sum of the unused amount within the guarantee limit approved by the board of directors and the actual balance of guarantee), accounting for 62.17% of the company’s latest audited net assets; The amount of guarantee actually provided by the company for its subsidiaries is RMB 40 million, accounting for 2.49% of the company’s latest audited net assets. There is no overdue guarantee in the company.
It is hereby announced.
China Bester Group Telecom Co.Ltd(603220) board of directors
January 24, 2022
